Taranis Resources Inc. provided an initial report on exploration conducted in 2023 at Thor. A high-priority electromagnetic ("EM") target located over 300m west of the Thor deposit, designated 'Horton', was evaluated and yielded promising exploration results. The entirety of the known Thor epithermal deposit occurs east of a major NNW-trending fault called the Ripper Fault.

Horton is the first time any epithermal mineralization has been located west of the Ripper Fault. Mineralized boulders occur in a field which has been derived from an unknown source up the south side of Great Northern Mountain. Data from VLF surveys completed in 2007 further corroborates the EM-37 and MT anomalies.

The EG MT survey also identified a large resistive lobe-like feature located to the east of Horton. Taranis refers to the resistivity feature as "The Claw" owing to its distinctive, hand-like appearance. The Claw is interpreted to be a buried quartz-rich granitic body and associated silicification that underlies the known Thorepithermal deposit.

Taranis has also been able to locate intrusive rocks at Thor in an old drill hole at Thor (Thor-210) and in surface prospecting, and this will be discussed in an upcoming News Release. A group of conductive EM-37 anomalies aligned in a north-northwest-trend defines the Ripper Fault that also delineates the western edge of the known Thor epither mal deposit. In 2022, exposures were made of this fault and it shows a near-vertical attitude.

In several places, the fault includes extremely high-grade gold and silver mineralization; it appears to be pieces of the Thor epithermal deposit that have been shredded and incorporated into the Ripper Fault. Discovery of High-Grade Boulders at Horton: Taranis decided to investigate the conductive geophysical targets and identified a number of mineralized boulders (some weighing several tons). Sampling and collection of samples was undertaken and completed by John Gardiner.